The Bank facilitates the application and collection
of your PAN card so as to enable you to be compliant with the tax laws.

As per the directive
from the Central Board of Direct Taxes, any individual investing an amount
equal to and above Rs 50,000 in Bank deposits, Post Office deposits, Mutual
Funds or Stock Markets etc., must possess a Permanent Account Number (PAN),
issued by the Tax authorities. The Income Tax authorities have also made PAN
compulsory for Demat Account holders, including minors, trusts, foreign
corporate bodies, banks, corporate bodies, FIIs and NRIs.

Keeping in view these
latest directives and to enhance customer satisfaction, we have launched a
special service for our customers to facilitate them to obtain a PAN issued by
the Income Tax Authorities thru UTIISTL.